Debit Card

Businesses can now use UPI, debit or credit cards for paying Customs duty on the ICEGATE portal, the Central Board of Indirect Taxes and Customs (CBIC) has said. The CBIC in a circular said ICEGATE e-Payment platform has enabled 'Payment Aggregator' as an authorised mode to facilitate customs duty payment. ICEGATE essentially functions as the digital backbone of Indian customs and acts as an interface through which importers and exporters file documents, track clearances, and discharge duty payments. While the system has evolved significantly over the time, the payment mechanism remained largely anchored to a limited set of authorised banks and conventional channels such as net banking and NEFT/RTGS. "With the rollout of a payment aggregator on ICEGATE, duty payments are no longer confined to specific banking channels. Businesses can now use UPI, debit or credit cards, and access a significantly wider banking network bringing a greater degree of ease and convenience in making paymen

Visa plans to bring its dual debit-credit card to India, letting users switch funding sources via a single 16-digit credential, after strong success in Japan

PPhonePe Payment Gateway has launched 'PhonePe PG Bolt' for Visa and Mastercard credit and debit card transactions, the company said on Saturday. The solution utilizes device tokenization to provide a secure and efficient in-app checkout experience for PhonePe platform users and merchant partners, the company said in a statement. Yuvraj Singh Shekhawat, Chief Business Officer of Merchant Business at PhonePe, said that the launch of PhonePe PG Bolt feature for Visa and Mastercard is a significant step in the company's journey to simplify digital payments for millions of Indians. "By leveraging device tokenization, we will enable users and merchants to move away from the traditional, cumbersome checkout process to a secure, one-click payment experience. This not only enhances user convenience but also empowers our merchant partners to maximize their growth through industry-best success rates and reduced drop-offs," he said. The new feature allows users to tokenize their Mastercard an

The initiative aims to make tax payments simpler, faster, and more transparent for traders and businesses, a state government spokesperson said

Kotak Mahindra Bank will discontinue its complimentary debit card insurance benefits, including accidental death and purchase protection, from July 2025. Customers are urged to review their coverage

Process involves a consumer's bank investigating disputes with merchants in recovering funds

This week we report on how to manage finances when you are in a foreign country and how you can earn by translating literature

Data from the RBI shows international credit card spending rose 63 per cent from December 2022 to July 2024, while PPIs grew 53 per cent and debit card transactions increased by just 8 per cent

Several major banks are implementing changes to their credit and debit card rules starting August 1

Spends made in a preceding calendar quarter will unlock access for the subsequent calendar quarter

Stay invested even after lock-in ends to gain from compounding

This tokenisable wearable, for both debit and credit cards, has been launched by Induslnd Bank in collaboration with Mastercardand can be purchased in the form of a ring, watch clasp, or stickers

.

As per the notification, the card issuers must issue cards across more than one network and give their customers the option to choose from them

Most banks now toggle off the control limit of a card at the time of issuance. To make online or offline transactions, the users must first enable the controls. Know how here

Customers can save big and get up to 50-90% off across top brands and categories with an extra discount up to 10% off on using ICICI credit and debit card

Currently, when you apply for a debit or credit card, you usually don't get to choose the network provider as it is decided by the card issuer.

RBI directive tells debit, credit and prepaid card issuers to give customers more freedom to choose networks

Recent data from the Reserve Bank of India (RBI) shows that out of 25 crore card transactions in the month of April this year, 22 crore were credit card transactions

The dynamics of in-store payments are fast changing, and this will impact retailing in a big way